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Newspaper
Monroe News Star
Location
Monroe, Louisiana, United States of America
Date
Jun 27, 1928
Page
10
The Cotton section reports futures closing modestly up five to nine points with highs around 22.35 and lows near 21.40. Spot cotton nearby steadies ten points as figures show January at 21.77 and December at 96, with receipts 11.24 and stock at 225,139.
The cotton market in New York weakened after an initial advance as bearish weather and crop prospects triggered long liquidation. July and other new crop months traded quietly with modest losses, while nearby contracts closed lower though some gains posted earlier in trading. Exports for the day reached 20,211 bales.
New Orleans June 27 cotton seed oil closed barely steady with prime yellow at 9.50 and prime crude at 8.75. Futures for January 10.20, July 83, August 9.92, September 9.95, October 10.08, November 10.12, December 10.15.
Obituaries report funeral details for Nanette Lazarus Bastrop Ark. and D I Ramsey West Monroe along with Velma Barkley Union Parish and William T Albritton West Monroe. Surviving family members and burial sites noted. Interments held at local cemeteries with pastors officiating.
New York stocks showed a brisk early advance led by copper and rail shares but momentum faded after call money hit 7 percent for the first time since June 7 1921 and banks drained 20 million in loans. Radio Wright aeronautical and several industrials declined from intraday peaks as other issues including A S Rubber and Texas & Pacific rails fluctuated, with several names posting notable gains before the late pullback.
Chicago grain notes report further rains hampering the harvest in the southwest push wheat values higher with prices opening unchanged to 1-2 cents up and finishing mixed to slightly lower. Corn oats and provisions show firmer tones with scattered gains and price ranges listed for No 2 and white oats as market activity fluctuates.
Chicago market notes hogs around 19 000 with slow demand and declines of 10 to 15 cents for most grades, top hog price 10.90 for 200-250 lb choice. Cattle and calves rise, steers and yearlings up about a quarter, slaughter classes firm. Sheep and lambs show slower demand with lambs 15.35 to 16.90 for good and choice, medium grades 13.75 to 15.25.
Liverpool reports cotton prices higher with American grades firming. Quotations include strict good middling at 12.68 and good ordinary at 11.38. Sales reach 6,000 bales with 4,200 American. receipts 4,000 with 1,700 American. Futures end very steady: July 11.81, October 11.67, January 11.57, March 11.58, May 11.49.
New Orleans cotton futures showed an irregular but bullish finish as rains forecasts sparked early gains and a later rally on covering. Traders awaited private crop reports amid widespread, though selectively reported, weather and pest news. sentiment remained strongly bullish with potential upside on new crop estimates.
New York on June 27 printed Liberty bonds rates with Liberty 3 1-28 at 100.4 and Liberty first through fourth 4 1-4s priced around 101.18 to 113.06 while Treasury 4s stood at 108.06.
Call money in New York rose with a high of 7 1/2 and a low of 7, the ruling rate at 7, and a closing bid of 7 1/2. Time loans showed firmness with collateral notes across 60-90 days and 4-6 months ranges, while bankers acceptances remained unchanged.
Chicago June 27 poultry market reports alive firm receipts four cars with fowls 25 spring 84. Broilers 29. Ducks 20 and 26. Geese 22.
Paris dispatch reports Serge Koussevitzky, director of the Boston Symphony Orchestra, predicts America will become the future great music center. He notes many Americans are composing and that the nation now has wealth to support culture, citing broad public interest and demand for orchestral music.
About one hundred Louisiana legislators arrived in Houston for the Democratic National Convention day trip. They toured the city, attended the morning session, and were greeted by the band Way Down in Dixie. Governor Huey P. Long’s wife Mrs. Huey P. Long was present. Gov. Long and Lt. Gov. Paul N. Cyr could not join.
Houston June 27 Associated Press W B Ragsdale reports the Democratic convention nears final routing decisions amid new contenders for vice president. Edwards and Smith backers push for support to Edwards Hull Hitchcock Woollen Barkley Allen LeJeune Berry and other military figures among hopefuls.
President Coolidge continues quiet routine at Cedar Island lodge as he learns canoeing on the Brule river. Mrs Coolidge tours Duluth to a hairdresser and a department store, drawing large crowds and police attention during the same period as the Houston Democratic convention opens.
Judge Gilbert L. Dupre, longtime St. Landry representative and judiciary chair, condemns the Orleans deputy sheriffs salary hike. He argues the bill passed by a simple majority, not the required two-thirds, and asks the taxpayers to note the constitutional flaw in the vote.
At the Sam Houston Hall convention in Houston Texas Senator Robinson of Arkansas urged unity and warned wets against seeking to modify the prohibition plank. The Arkansas delegation supports Smith for second on the ticket, and the anti-Smith challenge from Louisiana was thrown out without debate.
Chicago market reports lower prices for batter and eggs with receipts totaling 8 982 tubs for creamery and 9 370 cases for eggs. Pricing for grades shows firsts around 40 1 2 to 42 3 4, seconds mid to high 30s, and storage deficient firsts at 30.
A Mississippi party including city and county officials and Oxford residents traveled by chartered bus to examine industrial sites in Arkansas and Louisiana. The tour stopped at Rommel dam Hot Springs Camden El Dorado Bastrop Pine Bluff and Sterlington to study power plants pulp mills and potential extensions. The delegation aimed to assess current industrial assets and future expansion opportunities.
Mrs. Fred Cottingham of Monroe visits relatives Mr. and Mrs. E. Kelly in Kelly Louisiana on June 27 as reported by The Newa Star.
A satirical piece on Mary Gold and Tom Carr as they discuss love and intrusion in Wednesday evenings. The text lampoons romantic antics and the many varieties of flirtation while mocking playwriters and followers of the army of love.
Tokyo reports Dr. Ryotaro Kanai of Imperial University Medical College dispatched abroad to study social equipment and public institutions for deformed children. Japan, with a large child population, has only two or three hospitals for such cases and efficiency is rated low. He will study in Germany Switzerland and France.
Eugene Nolan of Memphis a railroad clerk and St Thomas church parishioner describes two years of severe indigestion with gas chest pains and fainting spells. He recounts dramatic relief after taking Sargon and urges others to call 8-0725-1 for information while listing Monroe West Monroe and nearby pharmacies carrying Sargon.
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